Pet Supplies Plus Franchise for Sale – Turnkey Opportunity

Asking Price:$965,000
Inventory:$277,583
FF&E:$107,494
Gross Revenue:$1,168,000
Rent:$13,333.33/Month
Established Year:2021
BUSINESS DESCRIPTION

Established Pet Supplies Plus Franchise for Sale

These 2 beautiful, fully staffed, Pet Supplies Plus locations in Gainesville, GA and Lilburn, GA are for sale. Located in McEver Corners Shopping Center and Five Forks Corners Shopping Center, respectively.

Pet Supplies Plus was founded in 1998 in Redford, MI and started as a privately held pet supply retailing corporation eventually garnering a major presence in the United States.

PSP stores offer omni-channel shopping options so pet owners can purchase everything they need to keep their pets happy and healthy. From online ordering to free same/next-day delivery, PSP makes it easy for customers to shop the way they want.

PSP is over 700 stores strong, of which ~60% are franchised, with over 30 years of franchise experience in the pet supply business.

PSP provides food, products and services for all types of animal; dogs, cats, birds, fish, reptiles and other small pets. We provide full-service dog grooming, bath packages and self-service dog washing.

Franchises tend to do well in uncertain times because of many factors—commercial real estate becomes more readily available, investors are looking for fresh opportunities, and entrepreneurs are seeking proven brands with name recognition, stable day-to-day operations and solid corporate support.

Pet Supplies Plus has an outstanding reputation not only among its customers but also its Franchise Owners.

You can expect 6-8% EBITDA according to the PSP Pro Forma under the right leadership. The Average Unit Volume (AUV) across PSP locations is $2,200,000.

A minimum net worth of $600,000 and $200,000 liquid assets is required.


DETAILED INFORMATION
Inventory
Not Included in asking price
Real Estate
Leased
Building SF
10,000
Lease Expiration
06/01/2031
Employees
8
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
Includes grooming supplies, grooming tables, racking for shelves, and a forklift.
Competition
One of the largest grossing Petsmart stores in the state of GA is 1 mile away. You should be able to take some market share from them.
Growth & Expansion
This store needs to add more grooming services and grooming revenue.
Support & Training
The staff is fully trained including a store manager and assistant manager.
Reason for Selling
I am an absentee owner and downsizing.
Franchise
This business is an established franchise
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Steve Whatley
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